Bid4Assets.com - has anyone used this method to buy a property

[David Wagner]

Hello fellow BP members,

I was wondering if anyone has used ************** to purchase properties that have defaulted on their taxes. I was doing a search for properties in Riverside County, CA (Temecula/Murrieta) and saw one that caught my eye. I was too late this year to participate, however, next year is open :-). 

I have the $2500 deposit required to start bidding but wanted to know what happens next? Do you just own the property outright or is their a mortgage, back taxes, liens? I would try to scope out the property first before bidding but it sound viable. Do any BP members have experience doing this? How did it turn out for you and what happened if you got the property? I'd love to hear form you!

Respectfully,

David